Today, BTC price rebounded above $35,000 support as price reached the $36,700 high. This is the second time the coin will be facing rejection at the same high within 48 hours. Before now the coin has been in a downward correction.

Today, January 17, 2021, Tezos (XTZ) has fallen to $2.69 after the rejection from the $3.17 high. Initially, it fell to $2.83 low before correcting upward.

EOS is in a range bound move as the altcoin consolidates above $2.50 support. Today, the price action is characterized by small indecisive candlesticks called Doji and Spinning tops.

Ethereum bulls are still holding on above the $1,000 support level. The biggest altcoin is trading at $1,176 at the time of writing.

Ripple has resumed a downward move as a result of its recent rejection at the $0.285 high. Today, the coin is approaching the previous low at $0.27.

Bitcoin Cash is falling after reaching the $540 resistance zone. For BCH to turn down from the recent high is an indication of resuming a range-bound movement for a few days.

Litecoin's bullish run has suffered a setback as price was repelled at the $156 high. Today, LTC is falling because of the rejection at the recent high.

Just like any other businesses have risks, the cryptocurrency investment is not an exception. There is a big number of fraudulent projects that take advantage of the cons of the cryptocurrency industry. These vulnerabilities make it easier to attract people, and then leave them without their funds.

Presently, Ethereum bulls are attempting to break the $1,150 resistance. A breakout at the resistance will propel the crypto to resume the upside momentum.